The European steel market is currently going through a difficult period. High inventories, limited demand and possible new trade restrictions are weighing on prices and overall market dynamics. Nevertheless,…
The much-anticipated boom in scrap trading is yet to materialise simply because steel demand globally is not supportive, according to Tayfun iseri, chairman of Turkey’s Flat Steel Product Exporters, Importers…
Pig iron prices in the Black Sea ports fell to their lowest level since August 2020 in early 2025, reaching $330/t as of February 14. A corresponding decline in the Black Sea market has been observed…
At the beginning of 2025, the global rebar market is in a state of instability. Most regions are experiencing price growth, while Turkey and Northern Europe are experiencing a slight decline. Market dynamics…
The global scrap market started 2025 with mixed dynamics. In the US and Europe, prices are gradually rising amid limited supply and strong demand, while in China they are declining due to weak activity…
Two US steel companies, Nucor and Gerdau, have announced a $2 per hundred pounds (equivalent to $40 per short ton) price increase for rebar, Kallanish reports, citing official letters from the companies…
American steelmaker Nucor has announced another increase in its spot price (CSP) for hot rolled coil (HRC). Starting February 10, 2025, the base price will be $790 per short tonne for all of the company’s…
President Donald Trump is expected to introduce new 25% tariffs on Monday on all steel and aluminium imports into the U.S., on top of existing metals duties, in another major escalation of his shake-up…
Iron ore prices in early February 2025 were marked by an increase after a decline in January. As of February 6, May futures on the Dalian Exchange stood at $112.22/t, up 5.6% from the end of 2024, while…
The American Iron and Steel Institute (AISI) reported today that for the month of December 2024, U.S. steel mills shipped 7,145,016 net tons, a 0.9 percent increase from the 7,082,921 net tons shipped…
American steel company Nucor has announced an increase in the spot price (CSP) for hot rolled coil (HRC) to $775 per short ton, up $15 from last week. This is the second weekly increase in a row, as earlier…
The current shortage of scrap in Italy is expected to drive prices higher in February, as reduced activity among steel mills during December, coupled with a declining manufacturing production is leading…
